If Identical Twins Reared Together Are More Alike on a Characteristic

question 11

Multiple Choice

If identical twins reared together are more alike on a characteristic than identical twins reared apart, we can infer that

• A) the characteristic is genetically influenced
• B) environment plays a role in shaping that characteristic
• C) both of these
• D) none of these

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Definitions:

Flexible Prices

A characteristic of markets where prices can change easily and rapidly in response to shifts in supply and demand.

Aggregate Supply Curve

A graphical representation depicting the total supply of goods and services that firms in an economy are willing to produce at various price levels.

Average Price Level

The average of current prices across the entire spectrum of goods and services produced in the economy.

Final Goods

Final goods are products that have completed the manufacturing process and are purchased for consumption by the end consumer rather than for resale or further processing.